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Employers' economics versus employee...

McDermott, John F.M.

Employers' economics versus employees' economyhow Adam Smith's legacy obscures public investment in the private sector /

Record Type:	Electronic resources : Monograph/item
Title/Author:	Employers' economics versus employees' economyby John F.M. McDermott.
Reminder of title:	how Adam Smith's legacy obscures public investment in the private sector /
Author:	McDermott, John F.M.
Published:	Cham :Springer International Publishing :2017.
Description:	xi, 191 p. :ill., digital ;24 cm.
Contained By:	Springer eBooks
Subject:	Labor policyEconomic aspectsUnited States.
Online resource:	http://dx.doi.org/10.1007/978-3-319-50149-9
ISBN:	9783319501499$q(electronic bk.)

Employers' economics versus employees' economyhow Adam Smith's legacy obscures public investment in the private sector /
McDermott, John F.M.

Employers' economics versus employees' economyhow Adam Smith's legacy obscures public investment in the private sector /[electronic resource] :by John F.M. McDermott. - Cham :Springer International Publishing :2017. - xi, 191 p. :ill., digital ;24 cm.

Chapter 1: We Invest More Than They! -- Chapter 2: The Paradoxes of Market Economics -- Chapter 3: Economics and Mis-Mathematics -- Chapter 4: Cornucopia, Inc. -- Chapter 5: From Employees to Servants -- Chapter 6: A Reformed Economic Science and Economic Reform.

This book argues that economic activity in the public sphere now underwrites private corporations, and rejects rigid adherence to traditional economic theories that no longer apply. Adam Smith's widely used "merchant's model" assumes that most investment is private, when in fact research demonstrates that public investment in the workforce through education and training far outweighs the private sector, and does not account for the growing presence of consensual pricing, the diversification of modern businesses, or the increasing internal authoritarianism of globalizing companies. With de facto public support for these adaptations undermining the universally presumed economic model, private corporations are able to increase their profits while misrepresenting the investment of their own global labor forces. This book suggests an "economy of laws" solution that balances the needed degree of central investment planning with the continuation of our pluralist economy of largely autonomous firms, principally by extending the full rights of citizens into the workplace itself.

ISBN: 9783319501499$q(electronic bk.)

Standard No.: 10.1007/978-3-319-50149-9doiSubjects--Topical Terms:

772952
Labor policy
--Economic aspects--United States.

LC Class. No.: HC79.P83 / M33 2017

Dewey Class. No.: 332.67252

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